The SPDR S&P 500 ETF Trust (SPY) saw $5.5 billion in inflows, reaching $658.2 billion AUM, despite a 1.6% market dip due to weak jobs data showing nonfarm payrolls only grew by 73,000, below the 100,000 estimate. U.S. equity ETFs gained $7.9 billion, while U.S. fixed-income funds lost $759.4 million, increasing odds of a September Fed rate cut to 86%.
The iShares Core S&P 500 ETF (IVV) attracted $2.9 billion, iShares Semiconductor ETF (SOXX) gained $371.8 million, Invesco QQQ Trust (QQQ) saw $395.5 million inflows, and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) collected $431.5 million. Conversely, iShares Russell 2000 ETF (IWM) had outflows of $1.2 billion, iShares 20+ Year Treasury Bond ETF (TLT) lost $904.4 million, SPDR Portfolio S&P 500 High Dividend ETF (SPYD) saw outflows of $741.4 million, and Invesco S&P 500 Equal Weight ETF (RSP) shed $646.1 million.
Overall, ETFs gathered $6.4 billion for the day, with various funds experiencing inflows and outflows. The weak employment data triggered concerns about economic weakness, leading traders to increase bets on a September Fed rate cut to 86%. Investors closely tracked real-time ETF inflows and outflows using etf.com’s ETF Fund Flows tool.
Read more at Yahoo Finance: SPY Gains $5.5B in Assets as Weak Jobs Data Trigger Selloff
